Export Crops face Bullish Trend- AFEX Commodities Weekly Report 060220


Friday, February 07, 2020 / 07:00PM  /  Kainosedge Consulting for AFEX Commodities Exchange / Header Image Credit: Born2Invest


The AFEX Commodities Index composite closed at 171.16points this week representing a down-tick in the overall market performance. The percentage point dropped by 2.86 week-to-date (WtD).


Proshare Nigeria Pvt. Ltd.


The past two weeks has seen cocoa and ginger prices trending upwards. This is as a result of sustained demand for the said commodities in the international market. In addition, we are out of the heavy harvest seasons for these crops supply has reduced drastically also causing the hike in price.


Soybeans and maize however saw a decline in prices settling at 3.83% and 2.42% decrease week-to-date while Sorghum and paddy rice remained steady maintaining their price levels.


The open market saw maize, soybeans and sorghum gaining in price while paddy rice declined closing at 6.09% simultaneously. 


Proshare Nigeria Pvt. Ltd.


 Proshare Nigeria Pvt. Ltd.

Related News

1.      Declining Demand for Grains to Depress Prices in the Near Term

2.     Global Commodity Markets Calm After a Very Choppy Day

3.     Commodities Prices Maintain Steady Sail - AFEX Commodities Weekly Report 230120

4.     Increase In Demand For Cocoa In Southeast Asia To Drive Prices Higher

5.     Diversification From Oil Will Be Enhanced By Investment Flows

6.     All Commodity Group Index Grew By 2.48% in Q3 2019

7.     Jump In Diesel Price Likely To Have Direct Impact On Domestic Commodity Prices

8.     New VAT Rate: Knock On Effect On Consumer Prices Likely To Drive Up Inflation

9.     Global Economic Slowdown Pressured Commodity Performance in 2019

10.  Ivory Coast and Ghana Join Forces to Form a Cocoa Cartel To Control Output and Price

11.   All Major Commodity Price Indexes Fell In Q3 2019 Led By Energy

12.  Uncertainty About Iran To Put Pressure On Grain Prices In Near Term

13.  Uncertainty On US-China Trade Deal To Drive Grain Prices In The Near Terms

14.  AFEX Commodities Exchange Secures Investment from Consonance Investment Managers

15.  Lower Exports From India To Drive Sugar Prices Up

16.  Domestic Price of Turkey Increased By 38% to N1,800 per kg

17.   Demand For Cobalt Set To Increase Exponentially In Next Decade

18.  Cocoa Price At An 18-Month High; Jumped By 12% YTD to $2,640

19.  Lower Sugar Production In South Africa To Increase Prices

20. Ginger Outlook for 2019 and 2020 Season

21.  Limestone Total Global Output Put At 420m Tonnes

22. AFEX Cocoa Outlook for 2019 and 2020 Season

23. Paddy Rice Markets in 2019: A Primer on AFEX's Outlook 


Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.




Related News